Gunderson Dettmer represented client S32 in leading the $33 million Series C financing of Brightside Health, a telemental health company. Brightside Health serves people with mild to severe clinical depression, anxiety, and other mood disorders, including those with elevated suicide risk, through precision psychiatry, clinically proven therapy, and Crisis Care. The new capital will be used to fuel Brightside Health’s growth into new markets and new offerings.

In the announcement of the transaction, S32 General Partner Mike Pellini, MD said, "Brightside Health is on an exciting trajectory, and S32 is thrilled to support their mission to make mental healthcare more easily accessible to everyone. The company is well-positioned to expand their offerings with Medicare, Medicaid, and other underserved populations, while partnering with payers and providers to deliver measurably better outcomes."

The Gunderson Dettmer deal team was led by Ryan Gunderson and included Jordan Murray and Yushen Liu.

Companies
S32
Brightside Health